Euronav NV (EURN) Upgraded to Hold at BidaskClub

Euronav NV (NASDAQ:EURN) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday, September 8th.

Several other brokerages have also recently commented on EURN. Zacks Investment Research cut Euronav NV from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. TheStreet raised Euronav NV from a “d+” rating to a “c-” rating in a report on Tuesday, July 25th. Stifel Nicolaus restated a “hold” rating and issued a $8.00 price target on shares of Euronav NV in a research report on Friday, July 7th. Finally, ValuEngine lowered shares of Euronav NV from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.50.

Shares of Euronav NV (EURN) opened at 7.95 on Friday. The stock has a market capitalization of $1.26 billion and a PE ratio of 20.98. The firm has a 50-day moving average price of $7.97 and a 200-day moving average price of $7.99. Euronav NV has a 1-year low of $6.65 and a 1-year high of $8.55.

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Several large investors have recently modified their holdings of the business. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Euronav NV by 1.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 117,620 shares of the shipping company’s stock valued at $943,000 after buying an additional 2,000 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Euronav NV by 0.6% during the 1st quarter. Point72 Asset Management L.P. now owns 492,600 shares of the shipping company’s stock valued at $3,892,000 after buying an additional 3,100 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Euronav NV by 41.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,218 shares of the shipping company’s stock valued at $104,000 after buying an additional 3,895 shares during the period. Swiss National Bank boosted its stake in shares of Euronav NV by 2.8% during the 1st quarter. Swiss National Bank now owns 209,883 shares of the shipping company’s stock valued at $1,681,000 after buying an additional 5,691 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Euronav NV by 78.0% during the 1st quarter. M&T Bank Corp now owns 22,003 shares of the shipping company’s stock valued at $174,000 after buying an additional 9,642 shares during the period.

Euronav NV Company Profile

Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.

Analyst Recommendations for Euronav NV (NASDAQ:EURN)

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